The Verasity (VRA) token is a pivotal part of the blockchain ecosystem, aimed at enhancing transparency in digital advertising and combating fraud.
VRA Tokenomics and Distribution
VRA has a total supply of 96.79 billion tokens, with a circulating supply of 9.79 billion and a maximum supply of 100.24 billion coins. The 'buyback-and-burn' model helps reduce the number of tokens in circulation. In October 2023, 10 billion VRA tokens were burned during the 'Warchest Burn'. This process continued through 2024 with regular quarterly burns.
Key Uses of VRA Token
VRA is used for advertising payments, viewer rewards, and staking opportunities, offering a 15% annual yield until 2026. In the esports ecosystem, VRA powers tournament fees and prize pools.
What Makes VRA Different?
Verasity's Proof of View (PoV) technology, patented in the U.S. and South Korea, uses AI and blockchain to detect ad fraud. VRA bridges advertising, rewards, and esports, possessing a broader utility than niche tokens.
Verasity continues to tackle ad fraud, offering tech-driven solutions. Regular token burns and the expansion of the VeraViews platform contribute to VRA’s growing significance.
